Did I enjoy this article?
Share it with your friends!
The company behind the BORED APE YACHT COLLECTION Non -Fungible Token (NFT), Yuga Labsis preparing to Replace the current appeal
BUN
$ 0.6978
The company has Proposed to close the existing DAO APPEOINThat was once central to the project, but since then it has become too slow and distracted to be effective.
In a APE improvement proposal dated June 5The CEO of Yuga, Greg Solano, explained that although the DAO helped to take off things, it struggles to move forward.
Did you know?
Subscribe: We publish new cryptography explanatory videos every week!
What is Algorand? Something coin explained with animations
According to him, too much time and money have been invested in ideas that do not advance the project significantly.
The suggested plan would completely turn off the DAO system. This means Finish tokens -based vote, cancel all previous proposals and eliminate working groups and elections. All DAO owned assets, including tokens, rights, tools and code, would be delivered to Apeco, a new management group created by Yuga Labs.
Solano said that I would adopt a more selective and objective approach. Instead of giving funds to a wide combination of projects, it would focus on less efforts that are more likely to help the ecosystem to grow.
I see too Support larger projects led by Yuga, such as Apechain, the Bored Ape Yacht Club and Otheride.
Meanwhile, the Infinite Node Foundation (NODE) ​​announced on May 13 that it had acquired the intellectual property rights of the Cryptopunks NFT collection. What did the non -profit group say? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been summoned by multiple established means and is an author published. Even during his free time, he likes to investigate market trends and look for the next Supernova.